02 June 2010 09:26 [Source: ICIS news]
SINGAPORE (ICIS news)--South Korea’s OCI Company will invest won (W) 75bn ($61.68m) to construct a new 100,000 tonne/year carbon black plant in Gunsan city where its polysilicon manufacturing facilities are located, a company source said on Wednesday.
“The expansion is a response to the increase in carbon black demand from the automobile and tyre industries,” the source said.
Construction of the new plant would begin in the second half of the year and was expected to finish by 2014, she added.
The company was also planning to expand its two other carbon black manufacturing facilities at ?xml:namespace>
OCI expects to ramp up its production capacity to 310,000 tonnes/year by the time the new Gunsan plant comes on stream, the source added.
Carbon black is a key raw material used in the production of tyres, tubes and plastics to increase abrasion resistance.
($1 = W1,216)
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